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NJ's new $14.5 billion economic plan enacted by Murphy

HAMILTON (Mercer) — Gov. Phil Murphy enacted a law Thursday authorizing nearly $14.5 billion in tax breaks, loans and grants for businesses, part of a long-stalled economic plan he says will support “thousands of good jobs.” Murphy signed the law in a ceremony outside Carella’s Chocolates & Gifts in Hamilton to highlight that the wide-ranging plan includes $50 million for a Main Street Recovery Finance program providing grants, loans and loan guarantees to small businesses. “After all...
New Jersey United States Brandon Mckoy Phil Murphy Steve Sweeney Paul Sarlo

COVID Bills Signed Into Law As NJ Death Toll Hits 7-Month High

Governor Murphy (Edwin J. Torres/ NJ Governor’s Office) NEW JERSEY – Gov. Murphy signed more coronavirus bills into law as New Jersey hit a seven-month two-day high in fatalities on Tuesday and Wednesday. Murphy addressed the latest on the crisis during his coronavirus news conference on Wednesday, saying hes also allowing winter sports to resume (you can watch it here, below). Murphys office announced on Wednesday that hes signed at least three bills into law to help businesses and school...
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Source: patch.com

New Jersey Economic Recovery Act of 2020 | Genova Burns LLC

On December 21, 2020, the New Jersey Legislature passed the “ New Jersey Economic Recovery Act of 2020” (the “Economic Recovery Act” or the "Act"), an omnibus piece of legislation which provides support for various programs and policies related to jobs, property development, food deserts, community partnerships, and small and early-stage businesses, among others. The bill now heads to Governor Murphy, who is expected to sign it into law. In an effort to bolster development, the Economic...
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